Many people don’t buy Bitcoin they rent It

[Jostern]

Not everyone is an investor in bitcoin, most especially a newbie that have just been accumulating bitcoin for a short time isn’t everyone that would be called an investor, which is why anyone who wants to go into bitcoin investment should always endeavor to have a basic understanding and knowledge about how to invest in bitcoin and also how to protect their investments to stay for a very long time.

There is what we call a bull and bear season when investing in bitcoin, and every season in bitcoin presents us with a different opportunity, which is why there is a time when bitcoin goes down, a newbie would always panic but a long term investor wouldn’t panic they would keep holding and even buying on a cheaper price.

Because when the price of bitcoin dips it also presents a different opportunity of buying bitcoin on a cheaper price and also keep holding for a very long term, when you’re holding for a long term it presents an enormous opportunity because when the price of bitcoin starts rising then you have a chance of having more profits when you stay consistent in buying bitcoin when their is a bear market.

[Chinesebaby]

People say they “hold” Bitcoin… but the truth is, they only own it emotionally until the next price dump scares them out

They buy during excitement, feel like long term investors for two weeks, start talking about financial freedom… then the market turns red and suddenly conviction and the " investor" in them disappears. Panic takes over.

That’s not ownership… that’s emotional renting.


Whats your opinion

Such scenario is not emotional renting, but that's actually what we call FUD in Bitcoin, which in full simply means "Fear Uncertainty and Doubt" of an investor who might have invested in Bitcoin. Because it is normal for an investor who had little or no knowledge about Bitcoin to be scared when it's price value starting falling after he might have bought and hold as a result of the bear market. And for the fact that he got panicked, doesn't mean he never owned Bitcoin. But just the fact that he never had the proper knowledge to enable him stand in the taste of time like this when the value of Bitcoin starts falling. So this actually shows the need for the right knowledge while we invest in Bitcoin as a beginner.

[Odusko]

Anyone who is panicking in the bitcoin price downturn is not a rented investor but an original investor and he is concerned about his bitcoin investment and those who panic are not the regular investors because of the limited funds they have. But those who have money monthly would use the red charts (bear market) to invest and accumulate more but others can't so they are only interested in the bull market and not in the bear market so there is no rented investors in bitcoin. Either you are a real investor or not not an investor at all. There is no two way about it.

Most time, those that are referred to as rented bitcoin are the trader's who ate trading on bitcoin price, I mean those in the future market with high leverage, basically they are the gambler's in the cryptocurrency market and whatever they see, they will take from the market. Bit if you want to own your bitcoin it must be in you wallet that only you have control over as long as your private keys are not exposed.

[Dr.Bitcoin_Strange]

Not having the emotional maturity to buy and hold Bitcoin until [God knows when] after a decade doesn't mean that the person is renting it, the ability to hold for a long time is lacked by many people because they don't plan their self well before investing and they also do not have concrete knowledge about Bitcoin, not having the rigt knowledge of investing on Bitcoin is bad because you could make mistakes that could even cause you to lose your coins. So, to be a good holder and not just a weak hand, the person should learn how to be a good holder.

[Abu-Naim]

Bitcoin tests discipline more than intelligence.
Most times, the market is less about strategy and more about emotional stability.

Whats your opinion

Indeed Bitcoin investment tests our patience, you can’t succeed in Bitcoin investment if you are not patient because of the Bitcoin price volatility. It is very important for some investors to know that they can’t just make money as they are expecting in Bitcoin investment within short period of time, they need to understand that there is always needs to be patient if you want to get good profit from your Bitcoin investment. One should take it as mode of savings not just investment because it is good way of saving due to financial freedom and how it is always against inflation and it will store your investment value, unlike fiat that will lose value after some times, Bitcoin will also give you profit as long as you didn’t take it as short-term investment, you should always consider it as a means of saving for future because it has a very bright future.

[fibonacciopstan]

People say they “hold” Bitcoin… but the truth is, they only own it emotionally until the next price dump scares them out

They buy during excitement, feel like long term investors for two weeks, start talking about financial freedom… then the market turns red and suddenly conviction and the " investor" in them disappears. Panic takes over.

That’s not ownership… that’s emotional renting.

Real ownership means understanding what you hold and why you hold it. It means preparing for volatility before it comes, not crying after it happens, It means DCA with patience… not buying with fear and selling with regret.

Many people think the hardest part of Bitcoin is price analysis, but honestly, the hardest part is controlling yourself.

Bitcoin tests discipline more than intelligence.
Most times, the market is less about strategy and more about emotional stability.

Whats your opinion

Bitcoin is not just a chart. It is a Proof-of-Work technology that has been proving itself for more than 15 years.

The biggest problem is that many people still don’t really understand what Bitcoin is. They only see the price, not the system behind it.

In my opinion, as more people understand decentralization, scarcity and Proof-of-Work, more people will continue to enter Bitcoin over time.

Volatility is temporary. The idea behind Bitcoin is much bigger than one red candle.

[uchegod-21]

The post title really caught me; I thought people now rent out bitcoins... for what exactly?

Yeah, there are people who panic whenever the price of bitcoin isn't going as they expected. These are those we call weak hands, who make decisions out of panic. Most times, these weak hands do not have any plans for their investments; they just want to make profits within a short period.

Some other investors have plans of selling at a particular price, but greed pushed them to keep hoping for more returns since the market is bullish. But unfortunately, the price dipped suddenly which left them disappointed. These are some of the investor behaviours we see more often. Truly, many investors are investing with their emotions; they either have no real plan or not following their plans.

A normal investor has a plan and sticks to that plan while ignoring all the noise that causes panic.

[Franctoshi]

People say they “hold” Bitcoin… but the truth is, they only own it emotionally until the next price dump scares them out

They buy during excitement, feel like long term investors for two weeks, start talking about financial freedom… then the market turns red and suddenly conviction and the " investor" in them disappears. Panic takes over.

That’s not ownership… that’s emotional renting.

Real ownership means understanding what you hold and why you hold it. It means preparing for volatility before it comes, not crying after it happens, It means DCA with patience… not buying with fear and selling with regret.

Many people think the hardest part of Bitcoin is price analysis, but honestly, the hardest part is controlling yourself.

Bitcoin tests discipline more than intelligence.
Most times, the market is less about strategy and more about emotional stability.

Whats your opinion

Is that how defined your own ownership? Lol

If you don't hold Bitcoin for long it means it's renting? in as much as you hold your Bitcoin in a non custodial wallet, that you are in full control of your wallet and no one can move the coins or the crypto out except you, you're the owner until whenever you sell it because you bought it with your money and no else's funds. How short you hold it doesn't change ownership status during the period of holding, let's say I'm holding for 3-6months then I'm renting it, no way.

[Davidvictorson]

Whats your opinion

I think that this is not entirely correct. This is only assumption and putting everyone in one category. First off, there are several reasons for investing and holding bitcoin. Some people don’t even think about price movements depending on their goals therefore they can’t and shouldn’t be categorized as weak hands when the market is down. Bitcoin can serve as an hedge against inflation for some- it preserves their wealth for them so they can’t be thinking about selling when the price drops.

[Stable090]

People say they “hold” Bitcoin… but the truth is, they only own it emotionally until the next price dump scares them out

They buy during excitement, feel like long term investors for two weeks, start talking about financial freedom… then the market turns red and suddenly conviction and the " investor" in them disappears. Panic takes over.

That’s not ownership… that’s emotional renting.

Real ownership means understanding what you hold and why you hold it. It means preparing for volatility before it comes, not crying after it happens, It means DCA with patience… not buying with fear and selling with regret.

Many people think the hardest part of Bitcoin is price analysis, but honestly, the hardest part is controlling yourself.

Bitcoin tests discipline more than intelligence.
Most times, the market is less about strategy and more about emotional stability.

Whats your opinion

If you ask for my opinion, I’ll say it’s relatively to individual differences. Bitcoin is a whole life it self and if you want to be part of it you’ll need to adhere to the principles and steps that has yield perfect result. There is something about patterns it doesn’t lie. If you’re following the right pattern that those who have successfully achieved a lot from bitcoin then you’ll definitely make it out just that you should know that income are not the same so building your portfolio will be directly proportional to you income. It has been said that bitcoin should be acquired gradually using DCA strategy  over a long period of time. Investors are always concerned about using  only discretionary income to also acquire bitcoin so that you don’t end up selling your holding if you find your self in a situation where you need emergency funds. If you use discretionary funds there is no way emotions will play around with you.

[puloweh555]

People say they “hold” Bitcoin… but the truth is, they only own it emotionally until the next price dump scares them out

They buy during excitement, feel like long term investors for two weeks, start talking about financial freedom… then the market turns red and suddenly conviction and the " investor" in them disappears. Panic takes over.

That’s not ownership… that’s emotional renting.

Real ownership means understanding what you hold and why you hold it. It means preparing for volatility before it comes, not crying after it happens, It means DCA with patience… not buying with fear and selling with regret.

Many people think the hardest part of Bitcoin is price analysis, but honestly, the hardest part is controlling yourself.

Bitcoin tests discipline more than intelligence.
Most times, the market is less about strategy and more about emotional stability.

Whats your opinion

What you said is all true. While learning about Bitcoin and analyzing it is easy managing it during market volatility is the real test.

That's why maintaining discipline is far more difficult than our analytical intelligence because we simply aren't strong enough to handle a volatile market. Many people with mediocre analysis consistently profit because they have strict rules and are disciplined in their implementation. Conversely smart people who overtrade and don't have rules usually experience significant losses. What we need to understand is that the market is like a money transfer machine from impatient people to patient ones. So even the best strategy is useless if you can't follow it when your emotions are running high.

Investing in Bitcoin not only tests your strategy but also your maturity in managing your emotions. Managing emotions must be a habit in everyday life, because traders or investors who can control themselves in everyday life will usually be much better at controlling themselves in the market.

[KingsDen]

Whats your opinion

I think that this is not entirely correct. This is only assumption and putting everyone in one category. First off, there are several reasons for investing and holding bitcoin. Some people don’t even think about price movements depending on their goals therefore they can’t and shouldn’t be categorized as weak hands when the market is down. Bitcoin can serve as an hedge against inflation for some- it preserves their wealth for them so they can’t be thinking about selling when the price drops.

Op didn't actually say, "everyone". He said "many people", which is correct. Not everyone has the guts to ride the volatile market. Many people has the idea of holding for long, but if the market goes green, they will take profits and if it goes red, they will lose their position.

Bitcoin investment tests your patience as said by Op. This is a very risky investment that might keep you unstable for many years if you do not understand how the industry works. But people who understand do not panic but calm and consistent.

But OP, how did you come up with the topic title; it seems that people really rent bitcoin o because they still give it out after renting it. But there's no problems with that. Not everyone will hodl.

[Die_empty]

Whats your opinion

It is common to see people including those who know nothing about Bitcoin but the coins during the bull market. During this period there is a lot of hype about the crypto industry that people want to buy with the aim of making quick profit. This set of people becomes disappointed when the market doesn't move as they predicted. Out of fear they end up disposing of their coins at a loss. New investors need knowledge and discipline to survive in the industry. The ability to learn how the Bitcoin industry works and the willingness to be patient are important to make profit in Bitcoin.

[Churchillvv]

I personally thought this thread was going to talk about how people actually rent bitcoin by buying paper bitcoin or buying some form of bitcoin that is only recorded in ledgers and not real ownership or personal control over it.

However this is about emotional buy and selling which people do everyday and yeah you’re right sometimes people want to say they have bitcoin for talking sake not because they actually want to hold it.

[Vaskiy]

I personally thought this thread was going to talk about how people actually rent bitcoin by buying paper bitcoin or buying some form of bitcoin that is only recorded in ledgers and not real ownership or personal control over it.

However this is about emotional buy and selling which people do everyday and yeah you’re right sometimes people want to say they have bitcoin for talking sake not because they actually want to hold it.

When it comes to money, it easily connects with the people's mind. The education has given people the knowledge and learning to do the right and stay away from the wrong. When it comes to status, it is the wealth one holds. For this, most of the common people strive hard to uplift them through all possible ways. In the run holding bitcoin have turned to be some sort of wealth considering the value it holds. Here very few understand the underlying technology which is the reason they get into panic when the market turns red. Over time they'll surely understand the technology and that is when holding becomes strong overcoming the fear of losing.

[Ryu_Ar1]

That is just a definition when you sell panic because you have no confidence and only participate in the purchase fomo to bitcoin alone nothing else is just that you define this excessively for me.

Buying bitcoin with our personal money regardless of anything as long as we continue to hold bitcoin (not / not yet sold) means that we already own it there is no word rent here and that will change when you sell because when you sell it is certain that you will lose the bitcoin owned and we are no longer a holder.

As for those who fomo bought bitcoin and became panicked because from the beginning they did not have knowledge even though the basis of bitcoin did not mean they became tenants in this case because after all they bought bitcoin with their money it's just that the way they bought was a mistake because they only bought in the hope that it would benefit but did not try to study bitcoin in more detail.

[blockman]

They are the beginners or newbie investors that have entered the market and their reactions as per your description is basically normal. I understand if they're panicking pretending to be long term holders for a week or two if a heavy correction comes. I won't cut their fun and their personal encounter in the market. Because even if they're like that, each of us have started from there as well. Lucky you are if you didn't experienced panicking when you have started. Because an investor's normal reaction of panicking and selling is part of the growth as they start and they will benefit from it only if they will not quit after losing.

[alastantiger]

Bitcoin tests discipline more than intelligence.
Most times, the market is less about strategy and more about emotional stability.

Whats your opinion

I see the point you are trying to make and I support your opinion because I also think the reason why many people are just renting their Bitcoin instead of owning it is because we have new investors in the cryptocurrency industry, many new investors are those that are finding their way into the crypto market and this investors have no previous knowledge before investing in Bitcoin hence their decisions are made based on emotions instead of years of experience and this causes them to panic whenever the market has a little bit of resistance. If you don't want to be among those that are just holding their Bitcoin for the real investors to buy from them when the market is in red then you have to be convicted and be assured that what you are investing in is not for a short time but you are in for a long time so that you can benefit when the market returns back to it's bull form.